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CTY The City of London Investment Trust plc

Renowned for its record-setting annual dividend increases since 1966, the Trust targets long-term income and capital growth

ISIN
GB0001990497

Share price
421.00p
As of 17/10/2019

Estimated NAV
408.31p
As of 17/10/2019

Discount / Premium
3.11%
As of 17/10/2019

Distribution Yield
4.51%
As of 30/09/2019

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Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board continues to recognise the importance of dividend income to shareholders.

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS TRUST

  • Invests mainly in UK equities with a bias towards large, multinational companies
  • A conservative management style that prioritises sustainable income and long-term capital growth
  • Provides UK investors with exposure to global growth through the portfolio’s overseas revenues
Past performance is not a guide to future performance. 
 

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

PORTFOLIO MANAGEMENT

Job Curtis

Job Curtis

Director, Global Equity Income | Portfolio Manager

Industry since 1983. Joined Firm in 1987.

Performance

Past performance is not a guide to future performance. Performance is shown based on the Share Price and does not include income reinvested.
Discrete Performance
Net Asset Value Price
 
Quarter End
As of 30/06/2019 		Jun 2018 - Jun 2019 Jun 2017 - Jun 2018 Jun 2016 - Jun 2017 Jun 2015 - Jun 2016 Jun 2014 - Jun 2015
Net Asset Value 2.70% 6.30% 14.50% 3.10% 6.60%
Price 3.00% 6.20% 16.60% 0.30% 7.20%
© Morningstar 2019. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance
NAV Price
 
As of October 17, 2019 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV -0.49% -2.88% - 8.54% 16.01% 45.48% -
Price 0.72% -0.65% - 10.70% 19.01% 43.93% -
© Morningstar 2019. All rights reserved. The Price and Net Asset Value total returns.

Portfolio

Documents

Document View
How to Invest
The City of London Investment Trust plc - Annual Report 2019
The City of London Investment Trust plc - Notice of Meeting 2019
The City of London Investment Trust plc - Annual Report 2011
The City of London Investment Trust plc - Annual Report 2013
The City of London Investment Trust plc - Annual Report 2015
The City of London Investment Trust plc - Proxy Votes 2017
The City of London Investment Trust plc - Notice of Meeting 2018
The City of London Investment Trust plc - Annual Report 2018
The City of London Investment Trust plc - Proxy Votes 2017
The City of London Investment Trust plc - Annual Report 2015
The City of London Investment Trust plc - Terms of Reference of the Nominations Committee
The City of London Investment Trust plc - A Guide for Financial Advisers and Investors
The City of London Investment Trust plc - Half Year Report
The City of London Investment Trust plc - Annual Report 2010
The City of London Investment Trust plc - Annual Report 2009
The City of London Investment Trust plc - Annual Report 2016
The City of London Investment Trust plc - Terms of Reference of the Audit Committee
The City of London Investment Trust plc - Key Investor Information Document
The City of London Investment Trust plc - Key Information Document
The City of London Investment Trust plc - AIFMD Disclosure
The City of London Investment Trust plc - Factsheet
The City of London Investment Trust plc - Portfolio Disclosure
The City of London Investment Trust plc - Half Year Update
The City of London Investment Trust plc - Chairman's Statement
The City of London Investment Trust plc - Annual Report 2017
The City of London Investment Trust plc - Proxy Votes 2018
The City of London Investment Trust plc - Annual Report 2014

Related Insights

Our intellectual capital is readily available and central to our Knowledge.Shared approach"
Related Insights
Why cash flow keeps you on the straight and narrow
August 2019

Why cash flow keeps you on the straight and narrow

Job Curtis, Fund Manager of the City of London Investment Trust, explains why cash flow is so important when investing in equities for the purpose of income, using two stock case studies.

Read More

February 2019

Fund Manager commentary – City of London Investment Trust

UK equities produced a negative return of 3.75% in December as measured by the FTSE All Share Index. The FTSE 100 Index of large companies, with a negative return 3.5%, outperformed the more domestically focussed FTSE 250 Index of medium-sized companies which produced a negative return of 5.1%. Concern about rising US interest rates against

Read More

An Introduction to The City of London Investment Trust
June 2018

An Introduction to The City of London Investment Trust

Job Curtis, Portfolio Manager, introduces the company and outlines what it’s investment objectives are and how it aims to achieve them.

Read More

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance is not a guide to future performance.
  • ​You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
  • ​If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • If a trust's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio diversified across more countries.
  • Where the trust invests in assets which are denominated in currencies other than the base currency then currency exchange rate movements may cause the value of investments to fall as well as rise.
  • This trust is suitable to be used as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this trust.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • The trust could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the trust.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The return on your investment is directly related to the prevailing market price of the trust’s shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the trust. As a result losses (or gains) may be higher or lower than those of the trust’s assets.
  • The trust may use gearing as part of its investment strategy. If the trust utilises its ability to gear, the profits and losses incured by the trust can be greater than those of a trust that does not use gearing.
  • All or part of the trust's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty. View the portfolio transaction costs across the Henderson UK Fund range.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved, you may wish to consult a financial adviser.

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